Markets Compliance Testing Officer, Vice President - Hybrid (Irving, TX OR Tempe, AZ)

MUFG (DBA)•Irving, TX

62d•$124,000 - $162,000•Hybrid

About The Position

Americas Compliance Testing (ACT) is an integral part of the MUFG Regulatory Compliance Risk Management function. This position executes a compliance testing program designed to meet heightening regulatory standards and expectations pertaining to Federal and State laws, regulations, and supervisory guidance overseen by the Compliance Group. This influential position will perform compliance testing reviews on the Sales & Trading business units with focus on the Markets Compliance program. The Compliance Officer will work closely with ACT teammates and various key regional and global business partners to deliver an effective second line of defense testing program that meets senior management and regulatory expectations. Reviews will include assessment of the Swap Dealer program, Volcker Rule program, Market Conduct, Market Access, Desk, Branch and targeted assessments, which are primarily focused on evaluating effectiveness of controls and compliance with Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), Federal Reserve Board (FRB), Office of the Comptroller of the Currency (OCC) and Investment Industry Regulatory Organization of Canada (IIROC) rules, and MUFG policies and procedures, including their extra-territorial application. Experience with markets compliance, markets surveillance, compliance monitoring, auditing or testing reviews and/or issues management and remediation for the regulatory requirements of the FRB, SEC, FINRA, OCC, CFTC, NFA and IIROC are required. Experience in the following areas are highly preferred: Dodd-Frank Act Title VII as it pertains to the obligations of Swap Dealers and Security-Based Swap Dealers, Volcker Rule and Market Conduct regulations.

Requirements

Strong academic credentials - minimum BA or BS degree from an accredited university; Master's degree preferred, professional qualification such as Certified Financial Analyst (CFA), Financial Risk Manager (FRM), Certified Regulatory Compliance Manger (CRCM), Certified Internal Auditor (CIA), or other related professional certification preferred.
Minimum of 5 to 7 years' experience in audit, regulatory examination, compliance testing, or similar capacity.
Minimum of 3 to 5 years' experience within the banking and financial sector, with a focus on Federal and State laws, regulations, and supervisory guidance, risk management, or a combination of these disciplines within Front Office and support functions such as Risk Management / Compliance Governance Programs, Human Resources, Finance, Legal, etc.
Familiarity with applicable SEC, FINRA, CFTC, NFA, FRB, and international banking rules applicable to foreign banks. Knowledge and understanding of the Dodd-Frank Act Title VII as it pertains to the obligations of Swap Dealers and Security-Based Swap Dealers and Volcker rule.
Experience working in a global organization, particularly as concerns global markets activities and familiarity with systems for booking, reporting and recording of derivatives transactions.
Strong overall knowledge of Over-The-Counter (OTC) derivatives products across Rates, Credit, Foreign Exchange, Equities and Commodities.
Strong understanding of trading strategies as it pertains to Global Trading desks
Experience with drafting and implementing testing scripts.
Solid research, analytical and writing skills required. Ability to analyze processes and identify risk including assessing changes in processes, making recommendations, and communicating results both verbally and in writing.
Demonstrate knowledge of and be sensitive to the current regulatory environment.
Strong work ethics and capacity to act both as an individual contributor who is self-motivated and to serve as a team member.
Ability to multi-task and work in a dynamically changing environment.
Demonstrated ability to develop and maintain cooperative, collaborative, and productive business partnerships.

Responsibilities

Assess the adequacy of first- and second-line of defense controls and prepare reviews for senior management detailing assessment of the effectiveness of the Compliance program for in-scope Markets rules.
Conduct analysis related to laws, rules, regulations and best practices related to the Markets Compliance program.
Assist Compliance Testing teams from EMEA and APAC with advisory coverage of the relevant U.S. Markets regulations.
Assist in responding to regulatory inquiries, audits, examinations and investigations.
Work either independently or as part of a team in executing test programs and supervise and review the work of others that may be assisting on a review.
Identify control and compliance issues, assess, and document the related risk, identify the root cause, and make reasonable recommendations for resolution.
Responsible for ongoing communication with "clients" throughout the testing process to keep them apprised of progress and findings.
Write clear, concise, and analytical evaluation reports and other workpapers summarizing level of risk, scope, objective, findings, and recommendations, consistent with the established procedures and templates.
Adhere to the Bank's risk vision, and risk management policies and programs, and identify and effectively manage risks associated with activities in the business lines we support.
Responsible for the establishment or enhancement of test or review programs associated with Markets compliance and internal program standards.
Lead complex compliance reviews.